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Cloud-based technology for broadcasters and streamers to run live channels, ad insertion and FAST (ad-supported TV) channels.
Cloud-based technology for broadcasters and streamers to run live channels, ad insertion and FAST (ad-supported TV) channels.
Charges broadcasters and streamers monthly fees, partly usage-based by channel and hours, for cloud software that replaces on-site broadcast equipment, and shares in the advertising revenue its ad-insertion software helps sell on free ad-supported channels. A large share of revenue comes from the US.
In one line: A cloud broadcast infrastructure provider for streaming TV.
Moat: narrow (switching costs, scale). Embedded cloud broadcast infrastructure and platform integrations create switching costs for customers.
Headquarters: Bengaluru, India · Founded: 2008 · Employees: 812
Size Amagi Media Labs (AMAGI.NS) is an India Information Technology company (Packaged Software) with a market value of $1.32B, the 512th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹568.25 on 6 Nov 2026.
Performance Over six months the shares gained 30.4%, against -4.0% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 18 in its peer set.
Growth Revenue grew 29.5% over the last twelve months (peer median +9.4%); the operating margin is 2.7% (peer median 3.8%).
Valuation It trades at 60.2× forward earnings against a peer median of 16.3× (2nd most expensive of 13).
Capital Return on invested capital runs 18.3 points below its cost of capital (20.0% WACC).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹15.1B | ₹11.6B | ₹8.79B | ₹6.81B |
| Revenue growth | — | +29% | +32% | +29% | — |
| Gross profit | n/a | ₹7.01B | ₹4.49B | ₹1.97B | ₹706M |
| EBITDA | n/a | ₹617M | -₹825M | -₹2.53B | -₹3.39B |
| Net income | n/a | ₹717M | -₹687M | -₹2.45B | -₹3.21B |
| Free cash flow | n/a | ₹197M | ₹694M | -₹1.50B | -₹2.54B |
| Capital expenditure | n/a | ₹232M | ₹41.6M | ₹80.2M | ₹214M |
| Total debt | n/a | ₹310M | ₹362M | ₹315M | ₹241M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Amagi Media Labs AMAGI.NS | $1.32B | +30% | +30% | 3% | 60.2× | n/a |
| Harmonic HLIT | $1.04B | -26% | -21% | 15% | 11.6× | 10.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMAGI.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | -1.9% | 7th highest of 21 |
| 6-month return | +30.4% | -4.0% | 3rd highest of 18 |
| Distance from 52-week high | -21.9% | -33.9% | 7th highest of 21 |
| Revenue growth (TTM) | +29.5% | +9.4% | 5th highest of 21 |
| Operating margin | 2.7% | 3.8% | 10th lowest of 21 |
| Forward P/E | 60.2× | 16.3× | 2nd most expensive of 13 |
| ROIC minus cost of capital | -18.3 pp | -8.9 pp | 6th lowest of 21 |
| Net debt / EBITDA | -26.4× | -1.1× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 60.2× | n/a | n/a |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
| Transwarp Technology (Shanghai) 6727.HK | Hong Kong | $1.33B | n/a | +32% | -50% | n/a | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 13.3× | -12.9% | +59.7% |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | n/a | n/a | n/a |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | n/a | n/a | n/a |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% | +30.1% |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% | +17.0% |
| NCR Voyix VYX | United States | $1.35B | +17% | -5% | 7% | 9.9× | n/a | n/a |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 31.2× | 20.8% | +19.9% |
| Hangzhou DPTech Technology 300768.SZ | China | $1.35B | -19% | -3% | 5% | 42.3× | 34.9% | +6.5% |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 294.5× | 43.9% | +178.6% |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | n/a | 14.1% | -17.5% |
| Ibotta IBTA | United States | $1.37B | +19% | +2% | -3% | n/a | -1.1% | +17.6% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | n/a | n/a | n/a |
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% | -2.9% |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 16.9× | 13.4% | +8.5% |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | n/a | n/a | n/a |
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% | +42.0% |
| Wondershare Technology 300624.SZ | China | $1.38B | -25% | -8% | -12% | n/a | n/a | n/a |
| Playtech PTEC.L | United Kingdom | $1.39B | +7% | -54% | 0% | 11.4× | -6.0% | -7.4% |